Parakletos ID: 17a572 Nov. 11, 2024, 7:19 a.m. No.21962577   🗄️.is 🔗kun   >>2583 >>2587 >>2648

>>21962567

 

So, the Federal Reserve doesn't have any physical Gold, as per law. They have ETFs

 

The Federal Reserve does not own gold.

 

The Gold Reserve Act of 1934 required the Federal Reserve System to transfer ownership of all of its gold to the Department of the Treasury. In exchange, the Secretary of the Treasury issued gold certificates to the Federal Reserve for the amount of gold transferred at the then-applicable statutory price for gold held by the Treasury.

 

Gold certificates are denominated in U.S. dollars. Their value is based on the statutory price for gold at the time the certificates are issued. Gold certificates do not give the Federal Reserve any right to redeem the certificates for gold.

 

https://www.federalreserve.gov/faqs/does-the-federal-reserve-own-or-hold-gold.htm